Bitcoin has formed a golden cross pattern, where its 50-day moving average crosses above the 200-day moving average, signaling a shift from bearish to bullish momentum. This technical indicator often precedes significant price increases, with past occurrences leading to gains of 40%-70%. Currently trading around $64,000, Bitcoin has maintained strong support at $63,000 despite recent geopolitical and economic uncertainties. Market analysts suggest this bullish trend could push Bitcoin's price toward $147,000 in the near future, especially if positive developments like the Clarity Act passage occur.
Analyst Andrey Poroshin from Bitbanker predicts Bitcoin will drop to around $60K in August due to a lack of macroeconomic support and passive Federal Reserve policy. The price is expected to recover to $70K later, despite this being below the U.S. mi...
Michael Saylor, co-founder of Strategy, clarified that the company's authorization to sell up to $5 billion in Bitcoin was part of a previously announced BTC Monetization Program from June, not a reaction to their Q2 loss. He emphasized that Strategy...
Cryptocurrency prices are fluctuating with Bitcoin trading around $62,908 and Ethereum near $1,868. Some altcoins like SHIB and META have seen significant gains, with SHIB up nearly 9.63% and META surging almost 40%. Other coins show mixed performanc...
In July, American crypto ETFs, especially Bitcoin ETFs, recorded a net inflow of $172.4 million, ending two months of capital outflows after a tough second quarter. Despite a sharp outflow of $265.4 million on the last day of July, the overall monthl...
Bitcoin's bullish sentiment has plunged to its lowest level ever following a $70 million exploit of the Coldcard hardware wallet, a trusted tool for self-custody. This security breach has caused widespread fear among investors, leading bearish commen...
